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Non-Tech : Free Money Stocks
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From: joelucid2/21/2009 8:16:19 PM
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Entrx corporation planning to cash out up to 499 shares @ 35c. Bid/Ask 12c/16c.

Edgar Filing

The first amendment would effect a reverse 1-for-500 share stock split of Entrx’s common stock. The second amendment would effect a subsequent forward 500-for-1 share stock split of Entrx’s common stock. If both proposals are approved, it will have the effect of reducing the number of our shareholders from an estimated 4,700 to between 900 and 1,000, and the number of our shareholders of record from an estimated 1,480 to approximately 60, by cashing out fractional shares after the reverse stock split. If both proposals are approved , the shareholdings of a person owning 500 shares or more of Entrx in any one account will be unaffected, while the shares held by persons owning less than 500 shares of Entrx in any one account will be bought out at the price of $0.35 per share.
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